1|Page
Guidewire Policy Center Professional Exam ||Just Out!!!
Steps to add a generic schedule to LOB (3) - ANSWER-1. Create
a generic schedule data model for line
2. Configure scheduled clauses and properties in the product
model, using Product Designer
3. Configure the schedule UI if you want to change how it looks
and operates
Ways to configure availability in product model - ANSWER-1.
Lookup tables (to determine initial set "S" of available entities
2. Availability Scripts (Script must return "True" or "False" after
passing available entities through
3. Grandfathering
4. Offering
Which patterns do NOT have availability logic - ANSWER-Policy
lines (because they are so closely tied to the product itself)
Which patterns do NOT have Grandfathering Logic - ANSWER-
Product and Policy Line
,2|Page
Which Products have Offerings in the base configuration (5) -
ANSWER-1. Business Owners
2. Commercial Auto
3. Commercial Package
4. General Liability
5. Personal Auto
What is a Rate Modifier? - ANSWER-A value that the rating
engine uses to justify the policy premium, or some portion of
the premium
What is a Modifier Pattern? - ANSWER-Affects the rating of
coverages. Creates an instance of a modifier that affects the
cost of a policy
What is a Schedule Rate Modifier - ANSWER-A specific type of
modifier that provides credit or debits within established value
ranges
What is a contingency? - ANSWER-Sometimes a policy is
opened but issuance is dependent on the delivery of another
piece of info (ex. report card)
,3|Page
Actions related to a Contingency (3) - ANSWER-1. Changing the
policy
2. Cancelling the policy
3. Cancelling and rewriting the policy
What is a policy hold? - ANSWER-Placed on a transaction in the
event of a natural disaster or for changes in a business in a
specific region for a period of time
Allows a carrier to prevent users from creating new policies or
changing existing policies
UW issues are raised and cause a block if the date interferes
with the hold date
Reasons for UW Referral - ANSWER-1. Related to the Policy
(when something about the policy needs to be brought to
attention)
2. Generate an UW issues which is blocking
3. Often manually created, can only be deleted manually or
through API, can't be approved
4. PErsists with the policy, resulting UW issues can be approved
, 4|Page
What are Documents? - ANSWER-Electronic files that contain
info pertaining to an account, policy, or job ( not part of th
contract)
Where does the info exist for a document? - ANSWER-1. User's
Computer
2. Policy Center
3. Document Production System
4. document Management System
2 Ways to create documents - ANSWER-1. Upload an electronic
file to the Document Management System
2. Create a new doc using a PC template, creating a local copy
on the Document Production system, ultimately uploaded to
the Document Management System
Document Production - ANSWER-Create a draft document by
merging Template with Field Values
Document Management System - ANSWER-Store documents
Guidewire Policy Center Professional Exam ||Just Out!!!
Steps to add a generic schedule to LOB (3) - ANSWER-1. Create
a generic schedule data model for line
2. Configure scheduled clauses and properties in the product
model, using Product Designer
3. Configure the schedule UI if you want to change how it looks
and operates
Ways to configure availability in product model - ANSWER-1.
Lookup tables (to determine initial set "S" of available entities
2. Availability Scripts (Script must return "True" or "False" after
passing available entities through
3. Grandfathering
4. Offering
Which patterns do NOT have availability logic - ANSWER-Policy
lines (because they are so closely tied to the product itself)
Which patterns do NOT have Grandfathering Logic - ANSWER-
Product and Policy Line
,2|Page
Which Products have Offerings in the base configuration (5) -
ANSWER-1. Business Owners
2. Commercial Auto
3. Commercial Package
4. General Liability
5. Personal Auto
What is a Rate Modifier? - ANSWER-A value that the rating
engine uses to justify the policy premium, or some portion of
the premium
What is a Modifier Pattern? - ANSWER-Affects the rating of
coverages. Creates an instance of a modifier that affects the
cost of a policy
What is a Schedule Rate Modifier - ANSWER-A specific type of
modifier that provides credit or debits within established value
ranges
What is a contingency? - ANSWER-Sometimes a policy is
opened but issuance is dependent on the delivery of another
piece of info (ex. report card)
,3|Page
Actions related to a Contingency (3) - ANSWER-1. Changing the
policy
2. Cancelling the policy
3. Cancelling and rewriting the policy
What is a policy hold? - ANSWER-Placed on a transaction in the
event of a natural disaster or for changes in a business in a
specific region for a period of time
Allows a carrier to prevent users from creating new policies or
changing existing policies
UW issues are raised and cause a block if the date interferes
with the hold date
Reasons for UW Referral - ANSWER-1. Related to the Policy
(when something about the policy needs to be brought to
attention)
2. Generate an UW issues which is blocking
3. Often manually created, can only be deleted manually or
through API, can't be approved
4. PErsists with the policy, resulting UW issues can be approved
, 4|Page
What are Documents? - ANSWER-Electronic files that contain
info pertaining to an account, policy, or job ( not part of th
contract)
Where does the info exist for a document? - ANSWER-1. User's
Computer
2. Policy Center
3. Document Production System
4. document Management System
2 Ways to create documents - ANSWER-1. Upload an electronic
file to the Document Management System
2. Create a new doc using a PC template, creating a local copy
on the Document Production system, ultimately uploaded to
the Document Management System
Document Production - ANSWER-Create a draft document by
merging Template with Field Values
Document Management System - ANSWER-Store documents
